BA-Defined Craft up 8% For First Half

Dear Client:Based on their midyear survey, small and independent breweries' production is up 8% in the first half of 2016, per Brewers Association statement.This resolves the question as to whether scan data, with its finite realm of measurement and differing definitions of craft, has effectively captured craft growth recently. Growth, though still strong, had been slowing in such data. This midyear survey, though, defines growth for BA-defined craft.This confirms what we've been reporting: We're entering an era of single-digit growth